New Providence Acquisition has set April 1 as the date of its stockholders meeting to vote on the proposed business combination with AST & Science.
The combined company will have an implied pro forma enterprise value of approximately $1.4 billion and is expected to have an equity value of $1.8 billion at closing.
New Providence also announced that its stockholders approved an extension of the date by which it has to complete the merger from March 15 to June 15.
Pending shareholder approval, upon closing AST SpaceMobile’s class A common stock is expected to list on the Nasdaq under ASTS. Read more.
